Get Price And Support

Allafricacom South Africa Mining Royalties

  • Billions in mining royalties intended for the poor .

    Jul 01, 2019 · Billions in mining royalties intended to uplift poor communities are potentially being squandered, stolen or diverted due to in-fighting and maladministration of these funds. That's the conclusion of Mmashudu Masutha and Deborah Mutemwa-Tumbo, authors of Corruption Watch's Mining Royalties Research Report 2018, which examined communities in Limpopo and North West .

    Get Price Online »
  • somalia mining royalty rate

    State of Mining in Africa In the spotlight - deloitte tax royalty rates from 2010 to 2014. In the past year, Zambia was the only country to revise mineral royalty rates, thus pushing its rates up on two separate occasions during the past six years.

    Get Price Online »
  • South Africa's diamond companies: 11m royalties on 1 .

    May 16, 2014 · Yet from 2010 to 2011, diamond-producing companies paid South Africa's government just 11 million in mining royalties, according to the latest Tax Statistics report, produced by the South African Treasury and the South African Revenue Service." That is quite remarkable.

    Get Price Online »
  • THE NEW SOUTH AFRICAN MINERAL ROYALTY FORMULAE. .

    THE NEW SOUTH AFRICAN MINERAL ROYALTY FORMULAE. WILL ALL MINERS BECOME REFINERS? PLATINUM CASE STUDY A research report submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, Johannesburg, in partial . IMPACT OF MPRRA ON THE SOUTH AFRICAN MINING INDUSTRY AND ITS CONTRIBUTION TO THE SOUTH AFRICAN .

    Get Price Online »
  • What is the basic structure of the mining royalty regime .

    In South Africa the liability to pay mining royalties arises when mineral resources which have been extracted from within the Republic, are transferred. The `transfer` of the mineral resources is the trigger for the imposition of the royalty. `Transfer` is defined as the disposal of a mineral resource, or the consumption, theft, destruction, or loss of a mineral resource (other than by way of .

    Get Price Online »
  • Flaws in South Africa's mining royalties system brought to .

    Today Corruption Watch (CW) launched its 2018 Mining Royalties Research Report, highlighting the complexities and challenges in the management and distribution of mining royalties to people living in mine-affected communities, the majority of whom remain without any tangible benefits. Since 2004, South African law has decreed that mineral and petroleum resources belong to the people

    Get Price Online »
  • Zuma Seeks Review of Mining Taxes to Boost Revenue - Bloomberg

    Feb 14, 2013 · South African President Jacob Zuma said mining royalties will be reviewed as he comes under pressure to reduce poverty and inequality in .

    Get Price Online »
  • Are royalty payments tax-deductible? - Which Franchise

    Daniel opened his presentation with a bang: best available estimates suggest that so-called royalty payments made by South Africa's franchisees to their franchisors amount to R6,46bn per annum. Up to now, these payments were seen to be legitimate business expenses and treated as such by franchisees in their tax returns.

    Get Price Online »
  • Withholding Tax on Royalties - SARS

    The WTR is due on any amount of royalty paid to or for the benefit of a foreign person from a source within South Africa. The foreign person is liable for the tax, but the tax must be withheld from the royalty payment by the person paying it to the foreign person (i.e. the withholding agent).

    Get Price Online »
  • Allafricacom south africa mining royalties

    allafricacom south africa mining royalties. South Africa Mining Royalties South Africa Radebe Urges Royalty On Mining Profit MMAKAU empowerment mining group CE Bridgette Radebe has urged government to rethink again its strategy of imposing production based royalties on the mining industry.

    Get Price Online »
  • allafricacom south africa mining royalties

    allafricacom south africa mining royalties. South Africa: Dept of Mineral Resources to Study Mining. Mar 27, 2019· The Department of Mineral Resources (DMR) says it will study the 2018 Mining Royalties Research Report, which highlights the complexities and challenges facing South Africa's mining .

    Get Price Online »
  • Billions in mining royalties intended for the poor .

    Billions in mining royalties intended to uplift poor communities are potentially being squandered, stolen or diverted due to in-fighting and maladministration of these funds. That's the .

    Get Price Online »
  • "Breaking Ground" To Calculate Mineral Royalties On .

    Nov 27, 2017 · The 2014 changes to the South African Mineral and Petroleum Resources Royalty Act, 2008 (the "Royalty Act") have left mining companies and extractors ("taxpayers") in uncertain territory.The amendment saw the "minimum" requirement being deleted from section 6A(1), as well as from schedule 2 to the Royalty Act, in an attempt to provide clarity on how to interpret schedule 2 .

    Get Price Online »
  • Taxation and Investment in South Africa 2017 - Deloitte

    South Africa is a member of most international conventions for the protection of intellectual property (IP). Patents, trademarks, copyrights and industrial designs and models are legally recognized in South Africa, which was one of the first signatories to the Trademarks Law Treaty of the World Intellectual Property Organization (WIPO) in 1994.

    Get Price Online »
  • pwc 2012 Americas School of Mines

    Interesting facts and statistics about South Africa • South Africa is the world's leader in mining and minerals. It has nearly 90% of the platinum metals on earth, 80% of the manganese, 73% of the chrome, 45% of the vanadium and 41% of the gold. • In 2005 South Africa was found to .

    Get Price Online »
  • Corporate income taxes, mining royalties and other mining .

    PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 1 This summary of income taxes, mining taxes and mining royalties should allow the reader to roughly compare the various governmental costs of investing in a mining operation in a particular country. The countries included in this comparative

    Get Price Online »
  • EM Royalty Bill 2008 - 20 Aug 2008

    The MPRDA brings South Africa's mining legislation in line with prevailing international norms. All mineral rights will henceforth vest with the State as custodian of minerals resources on behalf of South African citizens. The royalty bills which complements the MPRDA provides for the compensation to .

    Get Price Online »
  • Flaws in South Africa's mining royalties system brought to .

    In partnership with the Open Society Foundation, CW embarked on a project to examine the history and evolution of South Africa's mining royalties system, with the aim of facilitating and .

    Get Price Online »
  • Namibia: Cabinet Intervenes in Mining Royalties Tussle

    Namibia: Cabinet Intervenes in Mining Royalties Tussle [Namibian] CABINET has directed the finance ministry to consider suspending the non-deductibility of royalties for one year to establish its possible impact on the mining sector.

    Get Price Online »
  • pwc 2012 Americas School of Mines

    Interesting facts and statistics about South Africa • South Africa is the world's leader in mining and minerals. It has nearly 90% of the platinum metals on earth, 80% of the manganese, 73% of the chrome, 45% of the vanadium and 41% of the gold. • In 2005 South Africa was found to .

    Get Price Online »
  • Billions in mining royalties intended for the poor .

    Billions in mining royalties intended to uplift poor communities are potentially being squandered, stolen or diverted due to in-fighting and maladministration of these funds. That's the .

    Get Price Online »
  • Namibia: Cabinet Intervenes in Mining Royalties Tussle

    Namibia: Cabinet Intervenes in Mining Royalties Tussle [Namibian] CABINET has directed the finance ministry to consider suspending the non-deductibility of royalties for one year to establish its possible impact on the mining sector.

    Get Price Online »
  • Sudan Mining Royalties

    South Sudan: Mining Laws in the Pipeline - allAfrica. Juba — The Ministry of Petroleum and Mining of the Republic of South Sudan has embarked on drawing guidelines and mechanisms on developing the mining industry in the country as an alternative .

    Get Price Online »
  • Sudan Mining Royalties

    South Sudan: Mining Laws in the Pipeline - allAfrica. Juba — The Ministry of Petroleum and Mining of the Republic of South Sudan has embarked on drawing guidelines and mechanisms on developing the mining industry in the country as an alternative .

    Get Price Online »
  • Mining tax - Homepage | PwC South Africa

    Mining forms one of the leading industries in South Africa, playing a vital role in the economy. Due to the complexity of the South African tax laws and the impact thereof on the industry, its is necessary to have a thorough understanding of not only the tax legislation, but also the specific needs of the South African mining industry.

    Get Price Online »
  • Corporate income taxes, mining royalties and other mining .

    PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 1 This summary of income taxes, mining taxes and mining royalties should allow the reader to roughly compare the various governmental costs of investing in a mining operation in a particular country. The countries included in this comparative

    Get Price Online »
  • The Taxation of South African Mining and Prospecting .

    Nov 28, 2013 · Non-tax resident shareholders selling their shares (whether directly or indirectly through intermediary companies) in South African mining companies or prospecting companies may be subject to South African CGT, and if so the purchaser is obliged to withhold 7.5% of the purchase price as an advance payment of such CGT and pay it over to SARS.

    Get Price Online »
  • It's official: Zambia scales back mining royalties to 9%

    Apr 20, 2015 · According to AllAfrica, the government has set mining royalties for both open-pit and underground mines at 9%.In January, Zambia had .

    Get Price Online »
  • (806120/jomaris) MINING TOUGH CHOICES - Deloitte

    Tough choices facing the South African mining industry 1 Mining companies globally as well as in South Africa face signifi cant challenges, putting the industry at a crossroads. Local mining companies and mining companies with signifi cant local assets manage unique South African .

    Get Price Online »
  • Corporate Governance — Canyon Coal (Pty) Ltd

    CODE OF ETHICS. Canyon Coal, as a South African mining company, implements the principles and recommendations of good corporate governance contained in the King Code of Governance Principles for South Africa (the King III Report).

    Get Price Online »